Cargotec Shares Subscribed with Option Rights

In October 2006, a total of 900 Cargotec class B shares were subscribed for with 2005B option rights. The corresponding increase in Cargotec Corporation's share capital is intended to be entered into Finnish Trade Register by December 31, 2006. The previous trade register entry concerning increase in the share capital due to share subscriptions with option rights was made on October 27, 2006.

Trading of the new shares, together with the existing class B shares, will commence on the Helsinki Stock Exchange after the entry of the new shares into the Trade Register.

Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.